by deleting the definition of “accredited investor” and substituting the following definition:

“ “accredited investor” means any of the following persons in relation to a counterparty, if the person has opted to be treated by the counterparty as an accredited investor for all the consent provisions, under regulation 3(2) of the Securities and Futures (Classes of Investors) Regulations 2018 (G.N. No. S 665/2018):

(a)

an individual mentioned in section 4A(1)(a)(i) of the Securities and Futures Act (Cap. 289);

(b)

a corporation mentioned in section 4A(1)(a)(ii) of the Securities and Futures Act;

(c)

a trustee mentioned in section 4A(1)(a)(iii) of the Securities and Futures Act;

(d)

a person mentioned in section 4A(1)(a)(iv) of the Securities and Futures Act;”; and

(b)

by inserting, immediately after the definition of “client’s money or property”, the following definitions:

“ “consent provision” and “counterparty” have the same meanings as in regulation 3(9) of the Securities and Futures (Classes of Investors) Regulations 2018;”.